Ares Capital Q1 2024 Adj EPS $0.59 Misses $0.60 Estimate, Sales $701.000M Beat $700.133M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Capital (NASDAQ:ARCC) reported Q1 2024 earnings of $0.59 per share, missing the consensus estimate of $0.60 by 1.67%. However, their sales of $701M exceeded estimates by 0.12% and showed a 13.43% increase from the previous year.
May 01, 2024 | 10:17 am
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Ares Capital reported a slight miss in Q1 2024 EPS at $0.59, missing by 1.67%, but exceeded sales estimates with $701M, a 13.43% increase YOY.
The slight miss in EPS might concern some investors, but the beat on sales and significant year-over-year growth could offset concerns and suggest a positive outlook for ARCC. The mixed results present a neutral short-term impact, as the sales growth may balance out the slight earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100